More Than You Know – Finding Financial Wisdom in Unconventional Places - Hardcover

Mauboussin, Michael J

Hardcover

ISBN 10: 0231138709 ISBN 13: 9780231138703

Publisher: Columbia University Press, 2006

Synopsis

"Smart Money" has called Michael J. Mauboussin one of the "Most Influential People on Wall Street," and he has been repeatedly named to the "Wall Street Journal"'s All-Star survey. Known throughout the financial world for challenging conventional "Wall Street" wisdom, Mauboussin explores and applies ideas from a variety of disciplines to develop sound investment strategies and new approaches to understanding such concepts as choice, risk, and innovation. In this engaging book, he builds upon the visionary ideas of such figures as Warren Buffett and E. O. Wilson to offer surprising insights from unexpected sources. How can an investor learn from poker experts David Slansky and Puggy Pearson? What does guppy mate selection tell us about stock market booms? Do Tupperware parties have anything to tell us about how we select stocks? These are just some of the questions Michael Mauboussin considers in "More Than You Know". Illustrating his points with lessons drawn from casino gambling, horse racing, psychology, evolutionary biology, and other activities and disciplines, Mauboussin shows how attention to process, an understanding of the psychology of decision making, and an even temperament produce the best long-term financial results for investors. Like "Freakonomics", "The Tipping Point", and "The Wisdom of Crowds", "More Than You Know" extends far beyond the world of economics and finance to reveal the logic (or illogic) behind the choices we make.

About this title

Review:

"One of Strategy+Business Magazine's 2006 Best Books in Economics" "Mauboussin is not your average Wall Street equity analyst... It can be read for entertainment... or to broaden your investment thinking." -- Publisher's Weekly "A refreshingly intelligent antidote... The book engagingly shows how a multidisciplinary perspective can deepen your sense of how financial markets work." -- Burton G. Malkiel, Wall Street Journal "Wonderfully thoughtful and insightful... Sophisticated and accessible, intriguing and entertaining." -- The Washington Post "" "A fun read that draws insights from a wide range of scholarly disciplines." -- Hardy Green, BusinessWeek "Mauboussin has found great insights about the science of human behavior in unconventional places and has written superbly about it." -- Robert Sapolsky, Professor of neurobiology, Stanford University "Michael Mauboussin's insights and examples speak volumes to the value of an interdisciplinary approach to understanding how choices are made." -- Geoffrey West, President and distinguished professor, Santa Fe Institute "Michael Mauboussin has written the best book ever on how to think about investing...like a Ph.D. in investment wisdom." -- Bill Miller, Chairman and Chief Investment Officer, Legg Mason Capital Management "Written with the professional investor in mind but extends far beyond the world of economics and finances." -- Micromotives.com "A true breath of fresh air for any investor looking for something to get them thinking in new and different ways." -- The Average Joe Investor.com, 7/19/2006 "An enlightening book." -- Warren Boroson, The Daily Record "An excellent antidote to the overconfidence in prevailing financial and economic opinions." -- Press-Enterprise "The insights sparkle." -- Christopher Farrell, BusinessWeek magazine

About the Author:

MICHAEL J. MAUBOUSSIN is chief investment strategist at Legg Mason Capital Management and an adjunct professor at Columbia Business School. He is the author (with Alfred Rappaport) of Expectations Investing: Reading Stock Prices for Better Returns. Mauboussin lives in Darien, Connecticut.

About this edition

• Publisher: Columbia University Press
• Publication date: 2006
• ISBN 10: 0231138709
• ISBN 13: 9780231138703
• Binding: Hardcover
• Number of pages: 336